About the Book
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 57. Chapters: East Caribbean dollar, CFA franc, Danish krone, CFP franc, Macanese pataca, Hong Kong dollar, Lithuanian litas, Belarusian ruble, Venezuelan bolivar, Manx pound, Comorian franc, Bulgarian lev, Jersey pound, Bermudian dollar, Guernsey pound, Faroese krona, Sterling Area, Belize dollar, United Arab Emirates dirham, Jordanian dinar, Saudi riyal, Maldivian rufiyaa, Abkhazian apsar, Netherlands Antillean guilder, Trinidad and Tobago dollar, Bahraini dinar, Lebanese pound, Bahamian dollar, Omani rial, Cape Verdean escudo, Bosnia and Herzegovina convertible mark, Barbadian dollar, Cook Islands dollar, Gibraltar pound, Kuwaiti dinar, Latvian lats, Central African CFA franc, Bhutanese ngultrum, Antarctican dollar, Saint Helena pound, Djiboutian franc, Qatari riyal, Namibian dollar, Falkland Islands pound, Panamanian balboa, Kiribati dollar, Cayman Islands dollar, Cuban convertible peso, Tuvaluan dollar, Nepalese rupee, Swazi lilangeni, New Caledonian franc, Caribbean guilder, Aruban florin, Eritrean nakfa, French Polynesian franc, Lesotho loti. Excerpt: The pataca (traditional Chinese: ISO 4217 code: MOP) is the currency of Macau. It is subdivided into 100 avos (Cantonese: sin), with 10 avos called ho ( ) in Cantonese. The abbreviation MOP$ is commonly used. Macau has a currency board system under which the legal tender, Macanese pataca, is 100 percent backed by foreign exchange reserves, in this case currently the Hong Kong dollar. Moreover, the currency board, Monetary Authority of Macao (AMCM), has a statutory obligation to issue and redeem pataca on demand against the Hong Kong dollar at a fixed exchange rate and without limit. The pataca was introduced in Macau and Portuguese Timor in the year 1894, but only as a unit of account. The unit initially corresponded to the Mexican dollar, and it replaced the Portuguese ...
